by Philip Diehl | Aug 29, 2013 | Executive Insights, Philip N. Diehl
Markets seem to be in for an extended period of volatility due to uncertainty about when the Fed will begin to taper QE3 . On one day the government releases an economic report signaling progress in our anemic economic recovery, followed a day or two later by another...
by Philip Diehl | Aug 26, 2013 | Executive Insights, Philip N. Diehl
This is the first in a series of posts in which I’ll discuss the supply and demand forces that will drive the next bull market in gold. I’ll start by addressing the supply side of the equation. The market receives gold from four sources: mining, recycling of jewelry,...
by Philip Diehl | Aug 20, 2013 | Executive Insights, Philip N. Diehl
Read Part I In my last post I painted a dystopian future for the NFL as as a metaphor for our current banking system. You might take a look at it before proceeding. It can’t really be THAT bad. The stars of today’s too-big-to-fail (TBTF) banks are the elite financial...
by Philip Diehl | Aug 16, 2013 | Executive Insights, Philip N. Diehl
A reader recently asked why I have an axe to grind for the big banks and how it has anything to do with gold. I’ll explain with a sports metaphor. Imagine the NFL in a dystopian future The major stars are in an unrestrained PED (performance-enhancing drug) arms race,...
by Philip Diehl | Aug 12, 2013 | Executive Insights, Philip N. Diehl
In my last post, I described how Goldman Sachs used its position in aluminum warehousing to manipulate prices, and I posed the question, What can we learn about the gold market from Goldman’s actions in aluminum? Let’s look at SPDR Gold, the largest gold ETF in the...
